Illya Gerasymchuk
Entrepreneur / Engineer
moreover, as per Eurosystem's accounting framework unrealized gains are non-distributable and may only offset future unrealized losses on the same item
ECB's legal framework forbids the use of gold revaluation proceeds to pay expenses or operating losses unrealized gains are not recognized as income and are instead credited to the revaluation account revaluation account is under liability/equity on the ECB's balance sheet
